NOTE: UVXY chart inverted (i.e. upside down) to show its possible topping pattern.
With VIX very low (in the 12ish range) and UVXY here (inverted for ease of seeing possible "topping" pattern) breaching up through channel...chart shows UVXY as a good possible "short". As always, TBD.
Ergo, going long UVXY best way to take advantage of rising VIX.
23APR Update: VIX still going lower as mkts keep going up....VIX spike should happen soon and could be pretty volatile (and profitable!) when it does. TBD when, of course!
With VIX very low (in the 12ish range) and UVXY here (inverted for ease of seeing possible "topping" pattern) breaching up through channel...chart shows UVXY as a good possible "short". As always, TBD.
Ergo, going long UVXY best way to take advantage of rising VIX.
23APR Update: VIX still going lower as mkts keep going up....VIX spike should happen soon and could be pretty volatile (and profitable!) when it does. TBD when, of course!